UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number 811-21129 ------------------ FLAHERTY & CRUMRINE/CLAYMORE PREFERRED SECURITIES INCOME FUND INCORPORATED -------------------------------------------------------------------------- (Exact name of registrant as specified in charter) 301 East Colorado Boulevard, Suite 720 PASADENA, CA 91101 ------------------------------------------------------- (Address of principal executive offices) (Zip code) Donald F. Crumrine Flaherty & Crumrine Inc. 301 East Colorado Boulevard, Suite 720 PASADENA, CA 91101 ------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: 626-795-7300 Date of fiscal year end: NOVEMBER 30 ----------- Date of reporting period: JULY 1, 2004 - JUNE 30, 2005 ---------------------------- Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (ss.ss. 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant's proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 there under (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507. PROXY VOTING RECORD FOR PERIOD JULY 1, 2004 TO JUNE 30, 2005 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number: 811 - 21129 Exact name of registrant as specified in charter: Flaherty & Crumrine / Claymore Preferred Securities Income Fund Incorporated Address of principal executive offices 301 E. Colorado Boulevard, Suite 720, Pasadena, California 91101 Name and address of agent for service: Donald F. Crumrine, Flaherty & Crumrine Incorporated, 301 E. Colorado Boulevard, Suite 720, Pasadena, California 91101 Registrant's telephone number, including area code: 626 - 795 - 7300 Date of fiscal year end: November 30, 2005 Date of reporting period: Twelve Months ended June 30, 2005 ITEM 1. PROXY VOTING RECORD ------------------------------------------------------------------------------------------------------------------------- NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE ------------------------------------------------------------------------------------------------------------------------- Duke Energy DUK 264399106 12-May-05 ------------------------------------------------------------------------------------------------------------------------- VOTE FOR OR AGAINST VOTE FOR OR AGAINST MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT Approve directors Issuer Yes For For Amendments to eliminate board classification Issuer Yes For For Ratify auditors Issuer Yes For For ------------------------------------------------------------------------------------------------------------------------- NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE ------------------------------------------------------------------------------------------------------------------------- FPL Group Inc FPL 302571104 20-May-05 ------------------------------------------------------------------------------------------------------------------------- VOTE FOR OR AGAINST VOTE FOR OR AGAINST MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT Approve directors Issuer Yes For For Ratify auditors Issuer Yes For For FRIDAY, JULY 29, 2005 PAGE 1 OF 3 ------------------------------------------------------------------------------------------------------------------------- NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE ------------------------------------------------------------------------------------------------------------------------- Wachovia WB 92977V206 11-Nov-04 ------------------------------------------------------------------------------------------------------------------------- VOTE FOR OR AGAINST VOTE FOR OR AGAINST MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT Approve directors Issuer No (1) NA NA ------------------------------------------------------------------------------------------------------------------------- NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE ------------------------------------------------------------------------------------------------------------------------- Wisconsin Power & Light WPL 976826867 25-May-05 ------------------------------------------------------------------------------------------------------------------------- VOTE FOR OR AGAINST VOTE FOR OR AGAINST MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT Approve directors Issuer No (1) NA NA ------------------------------------------------------------------------------------------------------------------------- NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE ------------------------------------------------------------------------------------------------------------------------- Xcel Energy Inc. XEL 98389B407 25-May-05 ------------------------------------------------------------------------------------------------------------------------- VOTE FOR OR AGAINST VOTE FOR OR AGAINST MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT Approve directors Issuer Yes For For Omnibus incentive plan Issuer Yes For For Executive annual incentive plan Issuer Yes For For Ratify auditors Issuer Yes For For FRIDAY, JULY 29, 2005 PAGE 2 OF 3 ------------------------------------------------------------------------------------------------------------------------- NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE ------------------------------------------------------------------------------------------------------------------------- Xcel Energy Inc. XEL 98389B506 25-May-05 ------------------------------------------------------------------------------------------------------------------------- VOTE FOR OR AGAINST VOTE FOR OR AGAINST MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT Approve directors Issuer Yes For For Omnibus incentive plan Issuer Yes For For Executive annual incentive plan Issuer Yes For For Ratify auditors Issuer Yes For For Notes: (1) Pursuant to its proxy voting policies, the registrant did not cast a vote since the securities in question were preferred or preference stocks of a company the common stock of which was controlled by the parent company and consequently, the election outcome was not in doubt. FRIDAY, JULY 29, 2005 PAGE 3 OF 3 SIGNATURES Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Registrant FLAHERTY & CRUMRINE/CLAYMORE PREFERRED SECURITIES INCOME FUND INCORPORATED ------------------------------------------------------------- By (Signature and Title)* /s/ DONALD F. CRUMRINE ------------------------------------------------------- Donald F. Crumrine, Director, Chairman of the Board and Chief Executive Officer (Principal Executive Officer) Date 7/22/05 ---------------------------------------------------------------------------- *Print the name and title of each signing officer under his or her signature.